Balman Import & Export Limited

Balman Import & Export Limited, based in Smethwick, UK, is a small, active company established eighteen years ago. With a single employee and £13,597 in assets, it operates from a real address and is overseen by two directors and one owner. The business regularly imports and exports drinks, alcohol, and vinegar, with three months of import activity and twenty-one months of export activity recorded. It’s a tight-knit operation, and the company’s website simply states “HOME.”

The company’s activities appear to center around the wholesale of wine, beer, spirits, and other alcoholic beverages, alongside acting as agents for timber and building materials. It’s a small business, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The business’s website, while minimal, suggests a focus on providing services to commercial and industrial customers.

Financially, Balman Import & Export Limited shows some concerning trends. Cash reserves have plummeted by 61%, dropping to £13,000, while current assets have fallen by 75% to £14,000. Bank borrowings are down significantly, but creditors have also decreased substantially. Equity has also seen a slight decline. The company’s debts are also significantly reduced. The company’s debts are also significantly reduced. Trade debtors have fallen dramatically, suggesting improved collection efforts, but the decrease in assets and cash raises questions about liquidity. The company’s lack of employees (just one reported) points to a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Balman Import & Export Limited appears to be facing financial pressures. While it maintains a regular import and export business, the decline in assets and cash reserves suggests it's burning through money. The company's small size and lack of debt could help it weather the storm, but it will need to address its liquidity issues to ensure its long-term viability.

Registered in England/Wales under the registration number 05806130, with a registered address at B66 1QG, England, Smethwick, Unit 9-13 Crystal Drive.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.